15Jun2018
MarketsforYou
GlobalIndices
GlobalIndices 14‐Jun Prev_Day Abs.Change
%Change
#
DowJones 25,175 25,201 ‐26 ‐0.10
Nasdaq 7,761 7,696 65 0.85
FTSE 7,766 7,704 62 0.81
Nikkei 22,739 22,966 ‐228 ‐0.99
HangSeng 30,440 30,725 ‐285 ‐0.93
IndianIndices 14‐Jun Prev_Day Abs.Change
%Change
#
S&PBSESensex 35,600 35,739 ‐139 ‐0.39
Nifty50 10,808 10,857 ‐49 ‐0.45
Nifty100 11,140 11,186 ‐46 ‐0.41
NiftyBank 26,562 26,643 ‐81 ‐0.30
SGXNifty 10,829 10,848 ‐19 ‐0.18
S&PBSEPower 2,039 2,052 ‐13 ‐0.63
S&PBSESmallCap 17,040 17,029 11 0.07
S&PBSEHC 14,038 13,835 203 1.47
Date P/E Div.Yield P/E Div.Yield
14‐Jun 23.33 1.14 27.42 1.22
MonthAgo 24.17 1.14 26.82 1.19
YearAgo 22.64 1.31 24.29 1.19
Nifty50Top3Gainers
Company 14‐Jun Prev_Day
%Change
#
AurobindoPharma 609 585 4.20
Lupin 900 872 3.18
SunPharma 559 546 2.37
Nifty50Top3Losers DomesticNews
Company 14‐Jun Prev_Day
%Change
#
Infosys 1240 1275 ‐2.75
AdaniPorts&SEZ 374 383 ‐2.19
TechMahindra 699 714 ‐2.10
AdvanceDeclineRatio
BSE NSE
Advances 1206 817
Declines 1423 955
Unchanged 130 90
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐1297
MFFlows** 61325
*14
th
Jun2018;**12
th
Jun2018
EconomicIndicator
YoY(%) Current YearAgo
CPI
4.87%
(May‐18)
2.18%
(May‐17)
IIP
4.90%
(Apr‐18)
3.20%
(Apr‐17)
GDP
7.70%
(Mar‐18)
6.10%
(Mar‐17)
15June2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
7.40%
(Jan‐18)
7.00%
(Dec‐17)
QuarterAgo
Inflow/Outflow
98
175
4.44%
(Feb‐18)
• Government data showed that India’s Wholesale Price Index‐based
inflation (WP I) sharply rose to 4.43% in May 2018 from a provisional
3.18% in Apr 2018 and 2.26% i n May 20 17. This marked a 14‐month high.
The WPI Food Index also increased to 1.12% in May 2018 from 0.67% in
Apr 2018. The inflation for fuel items surged to 11.22% in May 2018 from
7.85% in Apr 2018.
• According to the preliminary numbers released by the Reserve Bank of
India (RBI), Current Account Deficit (CAD), rose to $ 13.0 billion o r 1.9% of
GDP in Q4 o f 2017‐18, up from $2.6 billion or 0.4% of GDP i n Q4 of 2016 ‐
17. In Q3 FY18, it stood a t $13.7 billion or 2 .1% of GDP. Over the year, the
CAD widened on account of a higher trade deficit ($41.6 billion) brought
about by a larger increase in merchandise imports relative to exports.
Also, net services receipts increased by 8.8% on a y‐o‐y basis mainly due
to rise in net earnings from software services and other business services.
• The Central Board of Direct Taxes (CBDT) has given proposal for
amendments in two forms an d one rule under to Income Tax Rules, 1962.
It has proposed amendments in Form No.36 for filing an appeal to the
Income Tax Appellate Tribunal and in Form 36A, which is a memorandum
of cross‐objections to the Income Tax Appellate Tribunal (ITAT). CBDT
stated that the existing forms have not been revised for a long time and
require rationalization to make them more informative.
• HDFC Bank’s proposal t o raise additional capital of Rs. 240 billion by
selling equity to foreign investors has been a pproved by the Cabinet. The
additional capital will be used to funds it business growth.
• IKEA is launching its first store in India at Hyderabad in Jul 2018. The
company h as started making effort to provide healthy service and good
service in India.
• As per media reports, Tata Sons’ are planning to raise $1.5 billion
overseas loan that will increase its debt by 50%. However, the company’s
debt equity ratio will remain below one, hence giving enough scope to
raise funds.
MarketsforYou
• Asian markets came under selling pressure following U.S. Federal
Reserve (Fed)’s hawkish stance on the future pace of rate hikes in 2018.
The U.S. central bank raised interest rates in its recently concluded policy
meeting. Concerns over trade war resurfaced after media reports stated
that U.S. is preparing to proceed with tariffs on Chinese goods. Today (as
of June 15), Asian markets opened on a positive note following gains on
the European and U.S. markets in the last session. Both Nikkei and Hang
Seng rose 0.24% and 0.11%, respectively (as at 8.a.m. IST).
• As per the last close, European markets ended on a higher note after
the European Central Bank (ECB) revealed plans of ending its massive
bond‐buying program.
•Asperthelastclose,U.Smarketsendedonamixednote.Gainsin
technology and media stocks on a key deal making activity boosted the
indices. However, decline in one of the industrial conglomerate major
after its CEO stated that its commitment to create 1,000 jobs by the end
of 2018 is now out of reach, weighed on market sentiment.
• Indian equity markets closed in the red as concerns over foreign fund
outflow reignited after U.S. Federal Reserve r aised its key interest rate
and adopted hawkish stance by forecasting faster pace of rate hike for
the remaining part of 2018. Situation worsened after data showed that
wholesale price inflation rose to 14‐month high in May 2018.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.39% and
0.45% to close at 35599.82 and 10808.05, respectively. Meanwhile, S&P
BSE Mid‐Cap and S&P BSE Small‐Cap closed flat.
• The overall market breadth on BSE was weak wi th 1423 scrips declining
and 1206 scrips advancing. A total of 130 scrips remained unchanged.
• On the BSE sectoral front, majority of the indices closed in the red. S&P
BSE IT was the major loser, down 1.40%, followed by S&P BSE Teck and
S&P BSE Consumer Durables, which fell 1.32% and 0.89%, respectively.
S&PBSECapitalGoodsandS&PBSEOil&Gasslipped0.81%and0.69%,
respectively. Meanwhile, S&P BSE Healthcare was the top gainer, u p
1.47%, followed by S&P BSE Consumer Discretionary Goods & Services
and S&P BSE Auto, both of which rose 0.05%.
FIIDerivativeTradeStatistics 14‐Jun
(RsCr) Buy Sell OpenInt.
IndexFutures 1890.18 2187.66 20987.60
IndexOptions 55046.43 55291.21 71683.99
StockFutures 10305.39 10217.06 84429.21
StockOptions 7022.85 7148.41 8762.28
Total 74264.85 74844.34 185863.08
14‐Jun Prev_Day Change
PutCallRatio(OI) 1.55 1.62 ‐0.08
IndianDebtMarket
PutCallRatio(Vol) 1.14 1.16 ‐0.02
14‐Jun Wk.Ago Mth.Ago YearAgo
CallRate 6.09% 6.03% 5.91% 6.12%
CBLO 6.06% 5.95% 6.00% 6.11%
Repo 6.25% 6.25% 6.00% 6.25%
ReverseRepo 6.00% 6.00% 5.75% 6.00%
91DayT‐Bill 6.50% 6.48% 6.12% 6.27%
364DayT‐Bill 7.05% 6.99% 6.56% 6.32%
10YearGilt 7.94% 7.99% 7.83% 6.47%
G‐SecVol.(Rs.Cr) 27770 43352 21083 45814
CurrencyMarketUpdate
FBILMIBOR 6.25% 6.11% 6.01% 6.22%
3MonthCPRate 7.65% 7.80% 7.95% 6.68%
5YearCorpBond 8.74% 8.75% 8.52% 7.57%
1MonthCDRate 6.99% 7.11% 6.61% 6.28%
3MonthCDRate 7.38% 7.26% 7.41% 6.35%
1YearCDRate 8.46% 8.38% 7.89% 6.69%
CommodityMarketUpdate
Currency 14‐Jun Prev_Day Change
USD/INR 67.69 67.63 0.06
GBP/INR 90.68 90.33 0.35
EURO/INR 79.93 79.39 0.53
InternationalNews
JPY/INR 0.62 0.61 0.00
Commodity 14‐Jun WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 66.91 65.96 70.96 44.74
BrentCrude($/bl) 73.86 74.32 79.16 44.91
Gold($/oz) 1302 1297 1312 1261
Gold(Rs./10gm) 31049 30690 31427 28822
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
15June2018
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DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yields rose after the U.S. Federal Reserve increased interest rates
by 25 basis points and also indicated on two more rate hike this year.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) rose 1 bps to
close at 7.94% from the previous close of 7.93%. During the session,
bond yields traded in the range of 7.90% and 7.96%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,176 crore (gross) on Jun 14, compared with
Rs. 3,841 crore (gross) on Jun 13. Sale of securities under Reserve Bank
of India’s (RBI) reverse repo window stood at Rs. 8,779 crore on Jun 13.
• RBI conducted a 4‐day variable rate reverse repo auction for a n otifi ed
amount of Rs. 40,000 crore for which Rs. 32,037 crore was allotted at a
cut‐off rate of 6.24%.
• The U.S. Federal Reserve (Fed) raised its key interest rate by 25 basis
points to a range of 1.75% to 2.0%. Meanwhile, it expects four interest
rate hikes in 2018 as against previous expectation of three rate hikes.
Additionally, three rate hikes are expected in 2019.
• A report from the Labor Department showed that U.S. producer price
index for final demand came in higher than market expectations and
surged by 0.5% in May 2018 a f ter e dging up 0.1% in Apr 2018. The surge
reflects hike in energy prices. Core producer prices excluding food and
energy prices grew 0.3% in May as against a gain of 0.2% in Apr.
MarketsforYou
• Nifty J u ne 2018 Futures were at 10813.9o points, a premium of 5.85
points, over the spot closing of 10,808.05. The turnover on NSE’s Futures
and Options segment went up to Rs. 14,18,956.96 crore on June 14 from
Rs. 6 ,93,000.92 crore on June 13.
•ThePut‐Call ratio stood at 0.85 against previous session’s close of 0.97.
• The Nifty Put‐Call ratio stood at 1.55 against the previous session’s
close of 1.62.
• India VIX moved down 4.31% to 12.0900 from 12.6350 in the previous
trading session.
• Open interest on Nifty Futures stood at 24.90 million as against the
previous session’s close at 25.59 million.
• The rupee was almost unchanged against the greenback as market
participants awaited the outcome of the European Central Bank monetar
y
policy review due Jun 14, 2018. The rupee inched up 0.03% to close a t
67.62 per dollar from the previous close of 67.64 per dollar.
• The euro plunged against the greenback after the European Central
Bank in its monetary policy review kept interest rates on hold and
decided to extend its massive bond buying program till the end of the
year. Euro was at $1.1631, down 1.34% from the previous close of 1.1789.
• Gold prices inched up ahead of the ECB monetary policy review, trade
tension between U.S.‐China and weaker dollar a gainst the euro.
• Brent crude prices gained following decline in US crude inventories that
fell by 4.1 million barrels in the week to Jun 8, 2018 to 432.4 million
barrels.
Thank you for
your time.